Tag: Ken Ofori Atta
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Take control of financing on the continent – Ofori-Atta to AfDB
Finance Minister, Ken Ofori-Atta, has urged the African Development Bank to strengthen itself to take control of financing more projects on the continent. According to him, the bank must put in place measures to ensure that no financial institution, including the Bretton Woods, has a deeper foothold on the continent than the African Development Bank.…
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Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has stated that government is committed to building an entrepreneurial society to help reduce the imported inflation. His comments come as recent data from the Ghana Statistical Service indicates that the continuous increase in transport fares and food prices across the country has pushed the national year-on-year inflation for April 2022 to…
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We are confident in homegrown recovery plan; IMF still not an option – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has reiterated government’s stance on not seeking a bailout from the International Monetary Fund, IMF, despite the current economic challenges. Mr. Ofori-Atta says government will consider home-grown solutions to deal with the difficulties because the country has what it take to recover from the issues facing the economy. The government, despite…
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Delay in passing E-Levy likely to affect GHC 6.9 billion target – Ofori-Atta
The Finance Minister Ken Ofori-Atta says it is unlikely that government will be able to achieve the GHC 6.9 billion target set for the Electronic Transfer Levy (E-levy). According to him the many delays and hurdles experienced in parliament before the E-levy bill was passed will affect the ability of the Ghana Revenue Authority (GRA)…
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Ofori-Atta to address Ghanaians today on measures to revive economy
Finance Minister, Ken Ofori-Atta, will today, Thursday, address Ghanaians on decisions taken by the government to address recent economic challenges facing the country. Ken Ofori-Atta is expected to give details of measures adopted by government to revive the struggling economy, a fallout from the the three-day Cabinet retreat held at the Peduase Presidential Lodge over…
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Akufo-Addo approves measures to ‘revive’ economy; Ofori-Atta to address Ghanaians
The Minister of Finance, Ken Ofori-Atta, will later this week brief Ghanaians on measures government seeks to implement to address current economic challenges. The Ministry of Information disclosed this in a statement issued on Monday, March 21, 2022. The Ministry indicated that Cabinet at its retreat at Peduase Lodge in Aburi earlier this month among…
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E-levy is critical for improving Ghana’s tax-to-GDP ratio – Ofori-Atta
The Finance Minister, Ken Ofori-Atta has defended the Electronic Transaction Levy proposed in the 2022 budget, saying it will help lift Ghana’s tax-to-GDP ratio to a level comparable to peer economies in the sub-region. At around 12% in 2019 and 2020, and 13% in 2021, Ghana’s tax-to-GDP ratio remains far below the government’s target of…
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2022 budget reading rescheduled to November 17
The date for the 2022 Budget Statement and Economic Policy of government presentation has been rescheduled from the 15th of November to the 17th of November 2021. This is according to the Second Deputy Speaker of Parliament, Andrew Asiamah Amoako. “Parliament is engaged in another equally important assignment on 15th of November and therefore, the…
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Consider entrepreneurship, public sector payroll full – Ofori-Atta to youth
The Finance Minister Ken Ofori-Atta says government is not looking at employing more public sector workers, as enough resources are already being spent on the over 600,000 persons on government’s payroll. According to the 2021 budget statement, compensation of employees alone as a line item would amount to about GHC 30.3 billion or about 54…
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Ignore conflict of interest claims against Ofori-Atta, Adu Boahen – Finance Ministry
The Ministry of Finance has described as inaccurate and misleading, information circulating in the media, which accuses the Minister of Finance, Ken Ofori-Atta and Minister of State at the Finance Ministry, Charles Adu Boahen of being caught in a conflict of interest situation. The two are accused of having two non-bank financial institutions associated with…